📢📢Blockchain enthusiasts, take note! Geoffrey Kendrick, head of foreign exchange and digital asset research at Standard Chartered Bank, recently made a striking statement. He predicted that the approval of the Ethereum spot ETF will pave the way for other cryptocurrency ETFs to be approved in 2025. 🚀🚀

Kendrick believes that the SEC does not consider ETH and similar tokens as securities, which can be seen from the approval of the Ethereum ETF. He emphasized that the core technology in many cases is very similar to ETH, and it is difficult for the SEC to define them as securities. 🔍🔍

He also predicted that the dominance of Bitcoin and Ethereum will rise, especially in terms of Sharpe ratio. He reiterated that the Bitcoin spot ETF will bring a lot of capital inflows, and the BTC price is expected to reach $150,000 by the end of the year. 💰💰

Looking at Ethereum again, Kendrick expects that the Ethereum ETF will bring in $15-45 billion in inflows in its first year of listing, and the ETH price is expected to reach $8,000 by the end of the year. 💹💹

This is undoubtedly a great news for Bitcoin and Ethereum, let us wait and see! 🎉🎉